https://www.taxtmi.com/caselaws?id=1750 The High Court upheld the Tribunal's decisions, dismissing the appeal regarding the genuineness of gifts, discrepancy in gross profit rates, and remand for further examination of certain transactions. The Court found the lack of genuine motive for the gifts, emphasized the Assessee's failure to provide essential accounting records, and ordered a fresh assessment by the Assessing Officer for specific transactions. en-us Wed, 05 Sep 2007 00:00:00 +0530 Wed, 12 Oct 2016 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1750 The High Court upheld the Tribunal's decisions, dismissing the appeal regarding the genuineness of gifts, discrepancy in gross profit rates, and remand for further examination of certain transactions. The Court found the lack of genuine motive for the gifts, emphasized the Assessee's failure to provide essential accounting records, and ordered a fresh assessment by the Assessing Officer for specific transactions. Case-Laws Income Tax Wed, 05 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1750